We expect a $620 movement on EURUSD within the next 2 hours. We expect EURUSD to trend downwards 2 hours following the Retail Sales MoM events in United Kingdom release because the released value is > -0.3%. A price movement of 62 pips is expected.
Historical events that allowed us to draw this conclusion
21 Jul 06:00 |
23 Jun 06:00 |
26 May 06:00 |
24 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
